Hormuz war risk cover tops $10m for single VLCC trip ⚓️US Hormuz hostilities fuel war risk premium hikes ⚓️Cover may be drying up for vessels with Saudi touchpoints ⚓️Ukraine drone strike in Caspian sparks fears that conflicts could merge www.lloydslist.com/articles/202...
Hormuz war risk cover tops $10m for single VLCC tripWar risk premiums for Strait of Hormuz transits have surged back into double digits for some owners as renewed US-Iran hostilities and Houthi attacks drive insurers to reassess Gulf exposure, with a growing number now reluctant to cover Saudi-linked vesselswww.lloydslist.com